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4 <br />Property"): <br />(a) the property described in Exhibit A, together with all easements, rights, liberties, <br />rights-af--way and appurtenances belonging to any such property (collectively, the "Site") <br />and <br />(b) the improvements described in Exhibit B and all other improvements and fixtures <br />now or hereafter attached or appurtenant to or used in or an those improvements ar the <br />Site, including (i) all renewals and replacements thereof and all additions thereto, (ii) all <br />articles in substitution thereof, (iii) all building materials for construction or repair of <br />such improvements upon their delivery to the Site, and (iv) all proceeds of all the <br />foregoing in whatever form resulting from the loss or disposition of the foregoing, <br />including all proceeds of and unearned premiums for any insurance policies covering the, <br />Site and such improvements,' proceeds of title insurance and payments related to the <br />exercise of condemnation or eminent domain authority, and all judgments or settlements <br />in lieu of any of the foregoing (collectively, the "Facilities"). <br />TO HAVE AND TO HOLD the Mortgaged Property with all privileges and <br />appurtenances thereunto belonging, to the Deed of Trust Trustee, his heirs and assigns ,forever, <br />upon the trusts, terms and conditions and for the purposes set out below, in fee simple in trust; <br />SUBJECT, HOWEVER, to the encumbrances described in Exhibit C (the "Existing <br />Encumbrances"); <br />BUT THIS CONVEYANCE IS MADE UPON THIS SPECIAL TRUST: if the <br />Required Payments (as defined below) are paid in full in accordance with this Agreement, and <br />the affordable housing owner shall comply with all of the terms, covenants and conditions of this <br />Agreement, this conveyance shall be null and void and shall be canceled of record at the <br />affordable housing owner's request and cost, and title shall revest as provided by law. <br />BUT IF, HOWEVER, THERE SHALL OCCUR AN EVENT OF DEFAULT <br />UNDER THIS AGREEMENT, then the County shall have the remedies provided for in this <br />Agreement, including directing the Deed of Trust Trustee to sell the Mortgaged Property under <br />power of sale. <br />THE AFFORDABLE HOUSING OWNER COVENANTS AND AGREES with the <br />Deed of Trust Trustee and the County (and their respective heirs, successors and assigns), in <br />consideration of the foregoing, as follows: <br />4 <br />